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Incap operates around the world. Our headquarters is in Helsinki, Finland.
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This is Incap

  • Provider of Electronics Manufacturing Services (EMS)
  • Almost 50 years of experience
  • Operations in Finland, Estonia, India, Slovakia, the United Kingdom, USA and Hong Kong
  • Headquarters in Helsinki, Finland
  • 2024 revenue EUR 230.1 million
  • Personnel approximately 2,554
  • Listed on Nasdaq Nordic since 1997
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incap annual report

HALF-YEAR REPORT FOR JANUARY-JUNE 2025

Revenue for the second quarter of 2025 amounted to EUR 55.3 million (4–6/2024: EUR 57.6 million). Year-on-year decrease was 4.1%. Adjusted operating profit (EBIT) was EUR 6.3 million (EUR 7.0 million) or 11.5% of revenue (12.1%).

Half-year financial report for January–June 2025

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CEO’S MESSAGE

As anticipated, the year started on a cautious note, with some improvement in our second-quarter revenue and EBIT. However, we adjusted our outlook due to the weak US dollar and Indian rupee exchange rates. We had expected the market to gain clarity regarding the US tariffs and other policies of the new US administration by now, but this has not happened, and some customers are delaying their projects.

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STRATEGY

The future growth of Incap builds on the entrepreneurial, agile and customer driven culture of our employees, our flexible operational model as well our deeply engrained cost management mindset. We want to drive consolidation in the industry to benefit …

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INCAP INVESTMENT HIGHLIGHTS

  • Growing industry
  • Strong financial track record
  • Flexible and scalable operational model
  • Presence in Europe, USA and Asia
  • Broad customer offering
  • Strong entrepreneurial and customer-driven culture
  • Committed to corporate and social responsibility
  • Skilled and empowered personnel
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Ticker

INCAP HAS AQUIRED PENNATRONICS INC

Incap Corporation has signed on 1 July 2023 an agreement to acquire 100% ownership of Pennatronics Inc., an experienced and well-performing Electronics Manufacturing Services company with a top-of-the-line factory in Pennsylvania, USA.

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